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Author Question: Fixed and Variable CostsDaisy has a cupcake decorating supply shop, Daisy's Decorating Depot.Last ... (Read 150 times)

kms5229

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on: Nov 23, 2022
Fixed and Variable Costs

Daisy has a cupcake decorating supply shop, Daisy's Decorating Depot.
Last year, the shop earned $92,000 in total revenue and spent $22,000 on decorating supplies, $1490 on electricity and other operating costs, and rented her store front for $1450 a month. In addition, she paid a total of $1250 on corporate and income taxes.
Before opening the shop, Daisy worked full time (40 hours a week for 52 weeks) at a movie theatre that paid $10.50 an hour. To start her business, Daisy quit her job and withdrew $22,000 from her bank account – where she was earning 7.50% interest per year – and used the funds to purchase decorating supplies.
What are Daisy's explicit costs? Implicit costs? Please round your final answer to two decimal places.
◦ $40,890.00, $23,490.00
◦ $42,140.00, $23,490.00
◦ $42,140.00, $21,840.00
◦ $40,890.00, $21,840.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by kms5229 on Nov 23, 2022

jojo120419

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kms5229

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

Liamb2179

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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